30-year mortgage rate falls to (near-record) 3.88%

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

30-year mortgage rate falls to 3.88% (by Ruth Mantell)

WASHINGTON (MarketWatch) -- Following weaker employment data, the 30-year fixed-rate mortgage average fell to a near-record low of 3.88% in the week ending April 12 from 3.98% in the prior week, Freddie Mac said Thursday in its weekly report. The rate was 4.91% a year earlier. To obtain the latest rate, payment of an average 0.7 point was required, according to Freddie, a buyer of residential mortgages. A point is 1% of the mortgage amount, charged in prepaid interest. The 15-year fixed-rate mortgage fell to a record low of 3.11% in the most recent week from 3.21% in the prior week. These data go back to 1991. Meanwhile, the average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage ticked down to 2.85% from 2.86%. The 1-year Treasury-indexed ARM rose to 2.80% from 2.78%.

Forum Policy

Return to Index